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BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM G.7.1|.2 FOR IMMEDIATE RELEASE AuguHg^a. MONTHLY DEPARTMENT STORE STOCKS "(Based on r e t a i l d o l l a r amounts) ekW 1958 fS^iB» Otf AUG 4 1958 Department s t o r e stocks i n June i n c r e a s e d from t h e May l e v e l but remained c o n s i d e r a b l y below t h e y e a r e a r l i e r l e v e l a f t e r allowance f o r t h e u s u a l s e a s o n a l change. The s e a s o n a l l y a d j u s t e d index f o r June i n c r e a s e d t o an e s t i m a t e d llt8 p e r cent of t h e 19U7 -1*9 average compared w i t h 14U f o r May and 153 f o r June a y e a r ago. index numbers (Average end-of-month s t o c k s 19U7-U9 = 100) Unadjusl)ed Seasonally adjusted ~1957 1958 1958 1957 May June June June May June Federal Reserve District Boston New York Philadelphia Cleveland 1 2 2 - 1 130 129 rl46 129 + + + 120 135 136 rl55 rl31 18U 198 1U6 151 160 pl8l 134 138 170 193 137 140 170 188 1U2 1U1 + + + h rl33 1U6 16U 152 1U5 159 176 159 128 plU6 156 Pl50 rl32 1U8 163 151 136 153 161+ rl52 i a 153 plliO 1U6 II46 135 136 155 126 133 133 rl52 rl28 138 137 rl57 136 Richmond Atlanta Chicago S t . Louis 173 P191 138 1U9 169 191 133 1U0 Minneapolis Kansas C i t y Dallas San F r a n c i s c o 136 Pl52 168 P157 plU8 United S t a t e s Percentage change June (i 1958 from "" Month I T e a r ago 1 ago 126 127* lhb - 2 0 - 6 6 - 5 - 2 + + + + 3 - 6 + 2 k 2 3 - . 'v •"> -1 h - h h - h - - 1 * Based on s e a s o n a l l y adjusted indexes. p—Preliminary. r—-Revised. Note:—Indexes a r e based on value of s t o c k s a t end of month. For d e s c r i p t i o n and monthly indexes f o r t h e p e r i o d January 19U7 t o October 1957 see F e d e r a l Reserve B u l l e t i n f o r December 1957> p p . 1323-1352. Indexes p r i o r t o 19kl may be obt a i n e d from t h e D i v i s i o n of Research and S t a t i s t i c s . Indexes f o r t h e most r e c e n t t h i r t e e n - m o n t h p e r i o d a r e shown r e g u l a r l y i n t h e B u l l e t i n . t; 3 1 1 7
@FedFRASER